Unitree's IPO Valuation Hits $9 Billion in a First for Humanoid Robots

Unitree's IPO valuation landed at roughly 61 billion yuan, about $9 billion, after the Hangzhou-based robot maker priced its Shanghai STAR Market listing on Thursday. The offering makes Unitree the first humanoid robot company to go public on mainland China's exchanges, and it puts a real market number on a robot maker for the first time anywhere.

Unitree priced the IPO at 150.80 yuan per share, selling about 40.45 million shares to raise roughly 6.1 billion yuan. That represents 10% of the company's enlarged share capital, bringing total shares outstanding to around 404 million. CITIC Securities underwrote the deal.

What the Unitree IPO valuation is built on

The company has released first-half 2026 guidance alongside the listing: revenue of roughly 1.05 to 1.13 billion yuan, up between 35.6% and 45.4% year on year, with net profit projected at 236 to 283 million yuan. Unitree says it shipped more humanoid robots than any other company in 2025, and that cumulative sales of its quadruped robots have passed 33,000 units, with overseas markets accounting for more than 40% of revenue.

That product line is what's actually being valued. It spans the humanoid Unitree G1's full specifications at the affordable end of the humanoid market, up through the newer H2, and down to the four-legged Unitree Go2's price and capabilities that established the company in the consumer and research robotics space before humanoids became its headline product.

One notable strategic investor: Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., the company behind the DeepSeek AI models, took a placement of 933,400 shares worth about 141 million yuan — around a fifth of the shares set aside for strategic investors. Unitree said the partnership is meant to improve how its robots understand and act in complex, real-world scenes, pairing DeepSeek's AI work with Unitree's hardware.

How the subscription and listing timeline works

Retail and institutional subscriptions open simultaneously on August 10, with payment due by August 12. Results are expected August 14, with the STAR Market listing itself following later in the month. Unitree's own leadership is participating in the offering: chairman Wang Xingxing has committed 15 million yuan to the management subscription pool, which is capped at 271.5 million yuan overall.

The listing comes as Unitree also faces a fresh regulatory headwind in the United States, where the FCC added foreign-made robotic devices to its Covered List in late July, a move that blocks new models from Chinese manufacturers from receiving US equipment authorization going forward. It's a reminder that even a well-capitalized robot maker's growth is not purely a product story — export rules and market access matter just as much as what a machine can do.

Why a robotics IPO is a milestone

Humanoid and legged robots have mostly been funded through private venture rounds so far, from Figure AI's backing to Boston Dynamics being owned by Hyundai. A public listing forces something private funding rounds never do: a market-set price, reported quarterly, that outside investors can actually trade against. Whatever Unitree's shares do after they start trading, this is the number analysts and rival manufacturers will now benchmark their own valuations against — see how it stacks up against the rest of the field on our humanoid and legged robot directory.

Robots reaching everyday products isn't limited to humanoids and warehouse quadrupeds, either. Even a category as ordinary as the robot vacuum has been getting AI-assisted upgrades lately, a reminder of how normalized autonomous machines have become well outside industrial settings.

For a company whose product range still runs everything from a sub-$2,000 quadruped to full-size humanoids, the number that mattered most on Thursday wasn't a torque spec or a battery figure — it was 150.80 yuan a share, and what the market was willing to say that's worth.